A source said: “Audi haven’t done walking away, but they have driven away.”

Lomond Audi, which has an annual turnover of £160million and also supplies cars to Celtic, struck the Rangers deal in 2010.

Audi haven’t done walking away, but they have driven away

A source

The premium car company did not renew the contract after Rangers were liquidated. The club is set to be denied entry to the SPL and may have to apply for the Third Division.

Now the players face having to buy their own cars at a time when wages could be slashed.

The source added: “There’s no point donating cars to a team playing in the Third Division – or possibly not playing at all.”

In return for the fleet of cars, the company received prominent trackside advertising at Ibrox, a corporate box at the stadium and branding in club programmes and magazines. At the time, then Rangers chief executive Martin Bain said:

“This club prides itself on developing long partnerships.”

A spokesman for Lomond Audi said: “The contract expires on Saturday and has not been renewed.”

But the dealership’s website yesterday featured a montage of pictures of Steven Naismith test driving the Audi R8 supercar, along with the text: “Our sponsorship allows us to pass on many unique and exclusive benefits to our customers, including access to our corporate box at Ibrox and regular events at both Ibrox and Murray Park.

We do try to ensure that as many customers as possible receive invitations, so please let us know if you are interested in receiving invites to events relating to Rangers.”

Naismith is one of the stars leaving the troubled club. He is expected to sign for Everton within the next 48 hours.

An Ibrox insider said: “Everything appears to be going out the club with nothing coming in.

“Players are leaving, sponsors are not renewing and now the club cars are driving away.”